This page reflects SSRM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — SSRM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $29.00 (2.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$1.57
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
4,802
Nearest expiry
Total Put OI
2,284
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$31.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$28.00
6/18/2026, 11:29:16 PM
2026-07-17
$27.00
7/17/2026, 11:32:49 PM
2026-08-21NextUpdated
$29.00
8/18/2026, 11:35:07 PM
2026-09-18
$28.00
8/18/2026, 11:35:07 PM
2026-12-18
$27.00
8/18/2026, 11:35:07 PM
2027-01-15
$22.00
8/18/2026, 11:35:07 PM
2027-03-19
$26.00
8/18/2026, 11:35:07 PM
Selected expiration: 2026-08-21 at max pain $29.00.
SSRM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
2024300
2024300
19
0
1798900
1798900
20
500
1582600
1583100
21
2100
1367900
1370000
22
3800
1155600
1159400
23
7000
955000
962000
24
10900
764000
774900
25
16800
592600
609400
26
27300
446000
473300
27
43900
315400
359300
28
79300
204800
284100
29
150200
101100
251300
30
255000
24300
279300
31
436300
11100
447400
32
669100
3400
672500
33
981900
200
982100
34
1401200
100
1401300
35
1838500
0
1838500
36
2299100
0
2299100
37
2770300
0
2770300
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.